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STAAR Surgical nets 25.6% rise in first-quarter income

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MONROVIA, Calif. — STAAR Surgical posted $3.53 million in net income for the first quarter, up 25.6% compared with a net loss of $1.66 million reported during the first quarter of 2009, the company announced in a press release.

During the first quarter, STAAR posted $76,000 in operating income, marking the first time the company has posted quarterly operating income since the third quarter of 2000, according to the release.

STAAR's reported loss from continuing operations totaled $636,000 or $0.02 per share, for the first quarter, compared with a loss of $2.2 million, or $0.08 per share, posted during the same period last year.

First-quarter product sales totaled $13.8 million, up 13.3% from $12.2 million in the first quarter of 2009.

First-quarter global Visian ICL sales totaled $5.9 million, up 20% from $4.9 million reported during last year's first quarter.

First-quarter IOL sales totaled $6.9 million, representing an 11% increase compared with $6.2 million reported during the same period last year.

Despite a 7% increase in Visian ICL sales in the United States, first-quarter sales in the U.S. totaled $4.02 million, down 4.1% from $4.2 million reported during the first quarter of 2009.

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